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1-bed · 970 sqftZanzebeel 1, The Old Town · 3rd floor · completed 2006

309, Zanzebeel 1

Sold prices and rental history: sold 3 times, last in July 2012, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 9 October 2024
Last soldAED 1.16M9 July 2012
Current rentAED 120K /yr9 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 309, Zanzebeel 1

What is 309 worth today?

Last sold for AED 1,164,000 in 2012

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9 Oct 2024RentedNew contract
AED 120,000/yr12 months · AED 124 per sqft
15 Feb 2021RentedNew contract
AED 65,000/yr12 months · AED 67 per sqft
29 Nov 2018RentedRenewal
AED 88,000/yr12 months · AED 91 per sqft
29 Nov 2017RentedNew contract
AED 95,000/yr12 months · AED 98 per sqft
15 Jan 2016RentedNew contract
AED 110,000/yr12 months · AED 114 per sqft
9 Jul 2012SoldReady
AED 1,164,000AED 1,199 per sqft
16 Jan 2011SoldReady
AED 776,000AED 799 per sqft
18 Oct 2010Sold by developerReady
AED 1,264,888AED 1,303 per sqft

Source: Dubai Land Department. Updated 9 October 2024.

Key facts

Type
1-bed apartment
Size
970 sqft
Floor
3rd of 3
Parking
B-3508
Developer
Emaar
Completed
2006
Service charge
AED 20,000 /yr
Last sold
AED 1.16M · July 2012
Building
Zanzebeel 1

About 309, Zanzebeel 1

309 is a one-bedroom apartment of 970 sqft on the 3rd floor of Zanzebeel 1, a 3-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 9 July 2012 for AED 1,164,000, or AED 1,199 per sqft, in line with the AED 1,199 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, signed on 9 October 2024, is AED 120,000 a year: a gross yield of 10.3% on the 2012 price, before the service charge of about AED 20,000 a year.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical one-bed in Zanzebeel 1
1M2M20092013201720212025Typical sale price by year: 2009 AED 1,141,888; 2010 AED 845,194; 2011 AED 960,000; 2012 AED 1,164,000; 2013 AED 1,547,888; 2014 AED 1,950,000; 2017 AED 1,620,000; 2020 AED 1,267,500; 2022 AED 1,385,000; 2023 AED 1,960,000; 2024 AED 2,200,000Sold by developer, October 2010: AED 1,264,888 (AED 1,303 per sqft)Sold, January 2011: AED 776,000 (AED 799 per sqft)Sold, July 2012: AED 1,164,000 (AED 1,199 per sqft)

309 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 309, each contractTypical one-bed in Zanzebeel 1
100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 90,475; 2014 AED 118,000; 2015 AED 120,000; 2016 AED 115,000; 2017 AED 105,000; 2018 AED 82,500; 2019 AED 81,000; 2020 AED 80,000; 2021 AED 75,000; 2022 AED 92,500; 2023 AED 105,000; 2024 AED 119,668; 2025 AED 125,000New contract, January 2016: AED 110,000 a yearNew contract, November 2017: AED 95,000 a yearRenewal, November 2018: AED 88,000 a yearNew contract, February 2021: AED 65,000 a yearNew contract, October 2024: AED 120,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Zanzebeel 1, and where 309 sits

All 20 1-beds →

309 last sold in July 2012 at AED 1,199 per sqft, in line with what one-beds in Zanzebeel 1 were fetching at the time (AED 1,199).

Recent 1-bed salesUnit no.Price (AED)Summary
23 Jul 20252,100,000
27 May 20252,000,000
1 Nov 20242,250,000
3 Oct 20242,200,000
0 1-bed sales in the last 12 months

Zanzebeel 1

Building

38 apartments, 1-bed to 2-bed over 3 floors in The Old Town, completed in 2006 by Emaar. 2 sold in the last 12 months.

Typical price per sqft
AED 1,719
Typical sale
AED 3.65M
Typical rent
AED 180K /yr
Typical yield
7.5%
Zanzebeel 1, The Old Town: prices, sales and rents →

Other units on the 3rd floor

All 38 units in Zanzebeel 1
Value
3011-bedAED 1.55M · Dec 2022
3021-bedAED 1.51M · Jan 2013
3032-bedAED 2.9M · Dec 2023
3042-bedAED 1.97M · Oct 2013
3051-bedAED 2.25M · Nov 2024
3061-bedAED 1M · Jan 2021
3072-bedAED 2.4M · Jul 2023
1–7 of 10

309, Zanzebeel 1 in numbers

  • Sold 3 times: first on 18 October 2010 for AED 1,264,888, last on 9 July 2012 for AED 1,164,000 (AED 1,199 per sqft).
  • Rented since January 2016 on 5 Ejari contracts. The rent fell from AED 110,000 to AED 65,000 in 2021 and recovered to AED 120,000 by October 2024.
  • At AED 120,000 a year the gross yield on the 2012 price is 10.3%, before a service charge of about AED 20,000 a year (AED 20.62 per sqft).

Source: Dubai Land Department. Updated 9 October 2024.

Questions about 309, Zanzebeel 1

What did unit 309 last sell for?

AED 1,164,000 on 9 July 2012: AED 1,199 per sqft for 970 sqft. The unit has 3 registered sales; the first was AED 1,264,888 in October 2010.

What is the rent for unit 309?

AED 120,000 a year on the contract signed on 9 October 2024. The previous contract, from February 2021, was AED 65,000; the unit has been rented since January 2016.

How big is unit 309?

970 sqft (90.1 sqm): a one-bedroom apartment on the 3rd floor of a 3-storey tower completed in 2006.

What is unit 309 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 309, Zanzebeel 1

Starts from the last sale price (AED 1.16M, 9 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,164,000
Deposit, UAE resident (20%)
AED 232,800
Deposit, non-resident (40%)
AED 465,600
Monthly over 25 years at 3.7%
AED 4,762

Plus AED 53,898 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →